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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Parsippany at 3 Queen St, Parsippany, NJ, 07054 offers a 8.34% rental yield on a $750,000 purchase with $5,212/mo rent. 41% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 101.36% and total cumulative return in cash at $250,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,212/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07054, Parsippany, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,825 (100%) |
| Owner Occupied HU | 6,548 (51.1%) |
| Renter Occupied HU | 5,656 (44.1%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $599,652 |
| Average Home Value | $608,694 |
Residential
11,833
Single Family
10,792
Multi-Family
1,041
Businesses
1,934
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: KETAN T. KENIA • KASA BELLA REALTY
Mls Name: All Jersey MLS
Mls ID: #2605755R
